Abridged accounts: Difference between revisions
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imported>Doug Williamson (Create the page, to replace detailed information previously in Abbreviated accounts page.) |
imported>Doug Williamson (Delete 'more'.) |
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Abridged accounts (or abbreviated accounts) are accounts which contain less information than full accounts. | Abridged accounts (or abbreviated accounts) are accounts which contain less information than full accounts. | ||
Most financial reporting systems allow smaller and medium-sized organisations to report | Most financial reporting systems allow smaller and medium-sized organisations to report limited financial information in this way for some purposes, in order to reduce the administrative burdens on them. | ||
Revision as of 18:06, 16 March 2016
Abridged accounts (or abbreviated accounts) are accounts which contain less information than full accounts.
Most financial reporting systems allow smaller and medium-sized organisations to report limited financial information in this way for some purposes, in order to reduce the administrative burdens on them.
However, fuller-form and more detailed accounts are normally still required for other purposes. For example, for most tax purposes and for reporting to shareholders.
